FuelCell Energy Inc. (FCEL) Trading Down 2.5%
FuelCell Energy Inc. (NASDAQ:FCEL)’s share price was down 2.5% during trading on Wednesday . The stock traded as low as $4.98 and last traded at $5.07, with a volume of 520,671 shares trading hands. The stock had previously closed at $5.20.
Several equities analysts have recently commented on FCEL shares. Craig Hallum started coverage on FuelCell Energy in a research report on Monday, May 2nd. They issued a “buy” rating and a $13.00 target price on the stock. FBR & Co reaffirmed a “buy” rating and issued a $9.00 target price on shares of FuelCell Energy in a research report on Monday, July 11th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $12.00 target price on shares of FuelCell Energy in a research report on Monday, May 16th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. FuelCell Energy currently has a consensus rating of “Buy” and a consensus target price of $13.93.
The company’s market cap is $164.15 million. The stock has a 50 day moving average price of $5.51 and a 200 day moving average price of $6.02.
FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Wednesday, June 8th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.16. During the same quarter last year, the business posted ($0.48) earnings per share. On average, analysts forecast that FuelCell Energy Inc. will post ($1.67) EPS for the current fiscal year.
FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support.
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